Pittenger & Anderson Inc. Sells 95 Shares of The Boeing Company (NYSE:BA)

Pittenger & Anderson Inc. lowered its holdings in shares of The Boeing Company (NYSE:BAGet Rating) by 2.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,825 shares of the aircraft producer’s stock after selling 95 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Boeing were worth $523,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Meridian Wealth Partners LLC lifted its position in shares of Boeing by 4.4% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,308 shares of the aircraft producer’s stock worth $263,000 after purchasing an additional 55 shares during the period. Lindbrook Capital LLC lifted its position in shares of Boeing by 0.5% in the 1st quarter. Lindbrook Capital LLC now owns 11,361 shares of the aircraft producer’s stock worth $2,176,000 after purchasing an additional 56 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in shares of Boeing by 42.1% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 189 shares of the aircraft producer’s stock worth $36,000 after purchasing an additional 56 shares during the period. Confluence Wealth Services Inc. lifted its position in shares of Boeing by 2.7% in the 1st quarter. Confluence Wealth Services Inc. now owns 2,460 shares of the aircraft producer’s stock worth $471,000 after purchasing an additional 64 shares during the period. Finally, Weik Capital Management lifted its position in Boeing by 1.3% during the 4th quarter. Weik Capital Management now owns 5,029 shares of the aircraft producer’s stock valued at $1,012,000 after acquiring an additional 65 shares during the period. Institutional investors own 57.10% of the company’s stock.

Boeing Stock Down 3.2 %

Shares of BA stock opened at $138.71 on Friday. The company has a 50 day moving average price of $158.67 and a 200-day moving average price of $156.08. The Boeing Company has a 52 week low of $113.02 and a 52 week high of $233.94. The firm has a market capitalization of $82.37 billion, a PE ratio of -15.50 and a beta of 1.35.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The firm had revenue of $16.68 billion for the quarter, compared to analysts’ expectations of $17.53 billion. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS. Analysts anticipate that The Boeing Company will post -1.95 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BA shares. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $188.00 to $200.00 in a research report on Thursday, July 28th. Bank of America lifted their price target on shares of Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, September 7th. Morgan Stanley lifted their price target on shares of Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Finally, Wells Fargo & Company lowered their price target on shares of Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $218.07.

About Boeing

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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